Natixis Investment Managers Launches Mirova US Climate Ambition SMA
Highlights
- Mirova US Climate Ambition Equity strategy seeks to have a high positive climate impact by making investments that lead to reduced carbon emissions and increased saved emissions, while outperforming the S&P 500
- Strategy’s track record extends over four years
- Managed by Mirova, a global leader in impact investing and part of the Net Zero Asset Management initiative
The Mirova US Climate Ambition Equity strategy is a diversified core US equity portfolio with a four-year track record designed to have a high positive climate impact by investing in a diversified range of companies, including companies whose activities will lead to a significant reduction in induced carbon emissions and/or a significant increase in saved carbon emissions. The strategy also seeks to actively invest in firms that derive more than 50% of their revenues from activities with a positive climate impact, which are likely to benefit from a transition to a less carbon-centric economy. The strategy seeks to outperform the S&P 500 within a defined risk budget.
“We believe that investors can outperform the market in the long-term by investing in high-quality companies that will help to reduce carbon emissions and contribute to a more sustainable economy,” said Jens Peers, CFA®, CEO and CIO at Mirova US. “Offering the Climate Ambition strategy as a retail SMA enables advisors and their clients to access it in a format that was previously only available to institutional investors.”
The Mirova US Climate Ambition strategy uses a proprietary quantitative, rules-based approach to portfolio construction, integrating considerations such as a qualitative sustainability analysis of each investment based on environmental, social and governance (ESG) criteria, an assessment of risk factors including those related to energy transition, and fundamental views on companies’ climate impact, incorporating an advanced lifecycle approach to the assessment of carbon impact. Mirova is a signatory of the Net Zero Asset Management initiative, and like all of Mirova’s equity portfolios, the strategy is aligned with a <2°C global warming scenario, in line with the Paris Agreement.
“Client demand for climate-focused investment strategies has never been stronger, and expanding access to the Mirova US Climate Ambition strategy through a retail SMA provides investors with an efficient way to invest in this well-established strategy,” said David Giunta, CEO for the US at Natixis Investment Managers.
The strategy is co-managed by Manuel Coeslier and David Belloc, CFA®, and is managed by Mirova US LLC. Coeslier is a portfolio manager and SRI analyst at Mirova who specializes in measuring the impact of investment portfolios on climate and the energy transition. He led the development of Mirova’s carbon assessment methodology and has been a member of the European Commission’s Technical Expert Group on Sustainable Finance where he particularly worked on climate benchmarks. Belloc is a cross-asset Portfolio Manager at Mirova with more than 20 years of investment experience. Earlier in his career he managed strategies in quantitative equities, smart beta and convertible bonds. The team also draws on a global team of multi-disciplinary specialists and a Responsible Investment Research Team with analysts dedicated to ESG research.
The Mirova US Climate Ambition strategy was previously available through institutional separately managed accounts and will now be available to retail investors through financial advisors via model delivery, single contract and dual contract SMA programs.
Mirova also manages three equity mutual funds available to US investors, the Mirova US Sustainable Equity Fund (MUSYX), the Mirova International Sustainable Equity Fund (MRVYX), and the Mirova Global Sustainable Equity fund (ESGYX). All three strategies are also available to eligible financial advisors and their clients as SMAs. The firm also offers an ESG fixed income mutual fund, the Mirova Global Green Bond Fund (MGGYX).
About Mirova
Mirova is an investment manager dedicated to responsible investment. Through a conviction-driven investment approach, Mirova’s goal is to combine value creation over the long term with sustainable development. Mirova’s experts have been pioneers in many areas of sustainable finance. Their ambition is to keep innovating to create the most impactful solutions to meet their clients’ goals. Mirova manages $23.9 billion as of December 31, 2020, which includes $4.96 billion managed by its US subsidiary, Mirova US LLC.
About Mirova US
Mirova US is an SEC registered investment advisor that is a wholly owned affiliate of Mirova. Mirova is operated in the US through Mirova US. Mirova US and Mirova entered into an agreement whereby Mirova provides Mirova US investment and research expertise, which Mirova US then combines with its own expertise when providing advice to clients.
About Natixis Investment Managers
Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of more than 20 specialized investment managers globally, we apply Active Thinking® to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis Investment Managers ranks among the world’s largest asset management firms1 with nearly $1.4 trillion assets under management2 (€1,135.5 billion).
Headquartered in Paris and Boston, Natixis Investment Managers is a subsidiary of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France. Natixis Investment Managers’ affiliated investment management firms include AEW; Alliance Entreprendre; AlphaSimplex Group; DNCA Investments;3 Dorval Asset Management; Flexstone Partners; Gateway Investment Advisers; H2O Asset Management; Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seeyond; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners; Vaughan Nelson Investment Management; Vega Investment Managers;4 and WCM Investment Management. Additionally, investment solutions are offered through Natixis Investment Managers Solutions, and Natixis Advisors offers other investment services through its AIA and MPA division. Not all offerings available in all jurisdictions. For additional information, please visit Natixis Investment Managers’ website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers.
Natixis Investment Managers’ distribution and service groups include Natixis Distribution, L.P., a limited purpose broker-dealer and the distributor of various US registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.
Before investing, consider the fund's investment objectives, risks, charges, and expenses. Visit im.natixis.com or call 800-862-4863 for a prospectus or a summary prospectus containing this and other information. Read it carefully.
2 Assets under management (“AUM”) as of December 31, 2020, is $1,389.7 billion. AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers.
3 A brand of DNCA Finance.
4 A wholly-owned subsidiary of Natixis Wealth Management.
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